Eric Schmidt Out As Larry Page Takes The Reigns
Google has undergone something of a major shuffle at the highest level in its board room. Current CEO Eric Schmidt is officially leaving his position at the beginning of April and his role will go to co-founder Larry Page. Schmidt will remain with the company taking up the position of executive chairman which means that he will still be responsible for negotiating and agreeing major deals and contracts. He will also act as advisor to both Larry Page and fellow co-founder Sergey Brin.
Page and Brin set Google up in 1998 while they were studying for PhD degrees at Stanford University and the triangular structure at the head of the pile has been in place for the past 10 years. However, according to Schmidt the three have decided that the company needs to improve its managerial processes, predominantly by speeding up the decision making within the business and they believe that this reshuffle will help them achieve that. At least, that’s what Mr Schmidt said in his latest blog post (we wonder if he needs to embark on SEO or email marketing to develop his blog reader list).
Mr Brin is viewed as being an innovator within the technology world and Google has been releasing new product after new product in recent years. The Google Chrome web browser is one such example while the Android smartphone operating system has been a resounding success. The search engine side of the business hasn’t suffered during these releases either which serves as a testament to the quality of the company and the people that work within it. The company is worth an estimated £148bn and employs 24,000 people with revenue last year of £18.4bn largely made up from advertising revenue from the likes of their PPC advertising network.
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